MASSDEVICE ON CALL — President Barack Obama’s healthcare reform law may cause an increase in veterinary care costs thanks to the medical device tax.
The levy, which takes 2.3% from every U.S. medical device sale, could have the unintended effect of increasing vet costs when it’s applied to medical technologies that are used in both human and veterinary medicine.
Devices used exclusively for animals aren’t included in the IRS rules for the tax, which were published last week.
Devices such as catheters and insulin pumps are used in both human and animal medicine, The Foundry reported.
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